Biccur is implementing a direct remittance service with Rebit our partner on the Philippines.
Over US$436 Billion was remitted by migrants and immigrants back to their families in the developing world in 2014. The cost of sending all those remittances was estimated at US$47 billion or more than 10% of the entire amount.
Using Bitcoin, that number could be reduced to less than 3% and much faster!
How does it work?
- You select the amount in euros and you choose the person you want to send money to
- Bitmymoney sends the money to the selected person, we use bitcoin to send it cheap and fast over the world
- Your friend or relative can pick up his money in the local currency